Photocat to deliver material and technology to the leading German manufacturer of bitumen membranes.
Photocat has agreed with the leading family owned German bitumen roofing material company, to provide technology and catalyst for their to be launched bitumen brand. The technology offered by Photocat has been through a thorough evaluation against competitors and found to be superior.
As part of the agreement Photocat is installing the technology. First step; in one of their factory lines in Germany this autumn. The product will be offered to the market place with focus on the environmental benefits of the technology. Especially focused on NOx degradation which is a challenge in many German cities.
Photocat is pleased to have won the delivery of technology and catalyst to one of the big players in the European bitumen market. With the latest customer for our technology for bitumen membranes, we are now heavily present in the important German market with more than 100 millions sqm of bitumen membranes produced each year. “With our two customers in Berlin and Hamburg, who are both marketing the NOxOFF technology right now, and the present agreement with a global player we see positive on the growth in the NOxOFF bitumen market. This development is both On the short and long term and we look forward to a long and strong partnership.” Says Michael Humle, CEO and one of founders of Photocat.
About Photocat:
Photocat manufactures patented coating materials for both outdoor and indoor applications with the effect to degrade NOx and VOCs when exposed to light. Both NOx and VOCs are severely damaging to human health. Photocat’s patented technology is a very efficient and an economically viable alternative to many of the traditional technologies targeting NOx (e.g. bus catalysts, flue gas cleaning etc.). Photocat’s shares are listed on Nasdaq Stockholm, First North with the ticker symbol PCAT. The company’s Certified Advisor is Mangold Fondkommission AB, phone: 08-50301550, e-mail: ca@mangold.se.
For More Information, Please Contact:
Michael Humle
CEO and Co-founder
Photocat A/S
Tel: +45 2210 2523
e-mail: michael@photocat.net
Photocat A/S is obliges to publicize this information in accordance with the EU Market Abuse regulation. The information was submitted for publication, through the agency of the contact persons set out above, at CET 10:00 on May 26th 2019.